St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-10-05
ENoM ALLMEN RY rnEsE pprsrNns

KNOW ALL MEN BY THESE PRESENTS.
IN That we, the undersigned, have agreed
to and do hereby associate ourselves togeth-
er for the purpose of becoming Incorporated
under and pursuant to the laws of the state
of Minnesota, and to that end we do hereby
adopt and sign the following articles of in
corporation, viz:
First-The name of the corporation here
by formed shall be the Sandstone ToYnsite
company, and the general nature of its bust
ness shall be the buying, owning, leasing
plating, improving. selling, mortgaging and
dealing in lands, tenements and heredita-
ments and real, personal and mixed estate in
the county of Pine and state of Minnesota
The principal place for transacting the bust
ness of said corporation shall be the city of
st. Paul, in the county of Ramsey and State
of Minnesota.
Second-The time of commencement of
said corporation shall be the 9th day of
September, 1887, and the period of its con-
tinuance shall be the term of thirty years
Third-The amount of capital stock of said
corporation shall be ten thousand 100000
dollars and shall be divided into 200 two
hundred) shares of the par value of fifty
$50 dollars each and shall be paid for in
money or such other property, real or per-
sonal, as the board of directors of such cor
poratlon may agree to accept in lieu OF
money at the time of the issuance of said
stock.
Fourth-The highest amount of indebted
ness or liability TO which said corporation
shall be at any time subject shall be five
Fifth-The names of the persons forming
| this corporation and their places of resi-
| dence are: William H. Grant and John p
Knowles, both residing at St. Paul, Ramsey
| county, Minnesota; Fred A. Hodge and
| James Hurley, both residing at Pine City,
! Pine county, Minnesota.
Sixth-The government of said corporation
and the management of its affairs shall be
! vested in a board of i've directors, who shall
| be elected from and by the stockholders at
the annual meeting, to be held as provided
| In the bylaws to be adopted, and the said di-
| rectors, Immediately after their election shall
| organize and elect from said stockholders
| president. secretary and treasurer. Said di-
rectors and officers shall respectively hold
their office for the period of one year after
| said election and until their successors are
! elected and qualified. Said officers shall per-
| form such duties as shall be prescribed BY
| the bylaws, and the office of secretary and
treasurer may be filled by the same person.
| The annual stockholders meeting for the
| election of board of directors and the trans
action of such other business as
may properly come before it. shall
| poratiOn at such time as the bylaws shall
| prescribe, and special meetings of the stock
holders shall be held at such times and under
such rules and regulations as to notice or
| otherwise as may be prescribed by the by
| laws; and at such meetings stockholders may
be represented and vote by proxy, duly APP
| pointed, and at any stockholders meeting
| each stockholder shall be entitled to one vote
|
holders of a majority of the stock shall con-
| stitute a quorum at such meetings Tor the
| transaction of business.
! The duties and compensation of the Off
| GERS of said corporation shall be fixed by the
| bylaws. The bylaws of said corporation
shall be adopted by the stockholders at their
| first annual meeting. or at Il special meeting
| to be called for that purpose, and shall be
changed, altered or amended only at an an
| nual meeting of the stockholders or at a Spe-
| cial meeting called for lhat purpose, but the
| first board OF directors may adopt bylaws
which shall continue in force until bylaws
shall have been adopted by the stockholders
as hereinbefore provided.
The first board of directors of said corpora
ton shall consist Of William H. Grant. John
P. Knowles, Fred A. Hodge and James Hur-
ley, and William II. Grant, Jr., of whom
| William III. Grant shall be president and
| John P. Knowles shall be secretary and treas
| urer OF said corporation, and shall hold their
offices until the next annual meeting of the
stockholders and until their successors are
| elected and qualified.
In witness whereof we have hereunto set
| our hands and seals this 9th day of Septem.
| Der, 1887.
WILLIAM H. GRANT, [Seal.I
| JOHN 2. KNOWLES, fSealt
| FRED A. HODGE, [SeaLt
JAMES HURLEY, TSeall
| In presence of
ii. II. HERBsT,
| LA FAYETTE SHAW.